HAWAII KOREAN CULTURAL CENTER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Amanda Chang-Kwak

Phone

8085482500

Tax Period

2023-01-01 to 2023-12-31

HAWAII KOREAN CULTURAL CENTER, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $219K in total revenue in fiscal year 2023. Revenue surged 474% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 69% operating margin.

Mission

The entitys primary mission is to establish a building for Korean cultural center in Hawaii by gathering funds from various community fund rasing activities and obtaining aid from Korean government and Hawaii State government. The entity sponsors the Korean educational and cultural activities such as sharing Korean culture with local communities

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Hosting scholarship award events to Students who excell in community volunteer activities and scholarstic achievements. Introducing Korean music to Hawaii community by arranging a Korean concert...

Hosting scholarship award events to Students who excell in community volunteer activities and scholarstic achievements. Introducing Korean music to Hawaii community by arranging a Korean concert. Contributions from sponsoring individuals and businesses and net profits from the events are appropirated for establishing the Korean Cultural Center Fund.

Program 2

Expenses: $0 Revenue: $0

Sponsoring various community fund raising activities to gather fund for establishing the Korean Cultural Center in Hawaii. Activities include visiting Korean Churches in Hawaii and visiting Korea for obtaining Korean government aid, organizing annual golf tournament, and participating Hawaii non-profit fund raising events such as Give Aloha sponsored by Foodland Company.

Program 3

Expenses: $25,507 Revenue: $89,761

Introducing authentic or fusion Korean foods to the local community by sponsoring and organizing Korean food tasting events.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $218,886

Program Service Revenue $0

Investment Income $110

Other Revenue $0

TOTAL REVENUE $218,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $29,061

Program Expenses $25,507

Other Expenses $67,395

TOTAL EXPENSES $67,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,996	$38,142	+4.7%
Expenses	$67,395	$10,005	+5.7%
Net Income	$151,601	$28,137	+4.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHANG-KWAK AMANDA	Chairman/DIRECTOR	5.00	Officer Director	$0	$0	$0
KIM JAMES Y T	DIRECTOR	2.00	Director	$0	$0	$0
KIM YOUNG HAE	DIRECTOR	2.00	Director	$0	$0	$0
CHO KWAN JAY	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY GAP SUK	DIRECTOR	2.00	Director	$0	$0	$0
FOOI-JANG BYUN	DIRECTOR	2.00	Officer Director	$0	$0	$0
PETER CHO	DIRECTOR	2.00	Director	$0	$0	$0
TAE HO HAN	DIRECTOR	2.00	Director	$0	$0	$0
EUN JA KIM	DIRECTOR/TREASURER	5.00	Officer Director	$0	$0	$0
DEAWOONG JOO	DIRECTOR	2.00	Director	$0	$0	$0
GRACE LEE	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL CHONG	DIRECTOR	2.00	Director	$0	$0	$0
KAVIN KIM	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$218,996	$67,395	$3,921,294	$151,601
2023	No data	$1,787	$3,731,863	No data
2022	$38,142	$10,005	$3,819,374	$28,137
2021	$733,182	$16,913	$3,825,797	$716,269
2020	$256,936	$32,751	$3,166,883	$224,185